The Bookkeeping with a Purpose Podcast- Bookkeeping, Christian Entrepreneur, Church finances, Clergy Taxes, Minister payroll, Biblical mindset,
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Ep 43~ Love Offerings and Why They are Taxable to Staff Members
Manage episode 381610679 series 3453775
In todays episode I walk you through three reasons why generally all love offerings to staff members are considered taxable income by the IRS.
It can be frustrating, but the IRS is clear that "income from whatever source derived" is taxable.
Take a listen to see what else the IRS has to say on the topic.
As always, thanks for taking time to listen. I truly appreciate it!
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